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Meritage Homes MTH Homebuilding — Cost of Product and Service Sold
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Where this comes from
Reported directly by Meritage Homes in its filing.
Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.
The source filing: Meritage Homes’s 10-Q, filed April 24, 2026.
- Filed
- Apr 24, 2026, 4:20 PM EDT
- Fiscal quarter
- Q1 FY2026
- Calendar quarter
- Q1 2026
- Accession
- 0000833079-26-000105
| Line item | Three Months Ended March 31, 2026 | Three Months Ended March 31, 2025 |
|---|---|---|
| Total closing revenue | 1,117,183 | 1,357,525 |
| Cost of home closings | (914,024) | (1,046,454) |
| Cost of land closings | (9,630) | (12,256) |
| Total cost of closings | (923,654) | (1,058,710) |
| Home closing gross profit | 193,798 | 295,650 |
| Land closing gross (loss)/profit | (269) | 3,165 |
| Total closing gross profit | 193,529 | 298,815 |
| Financial Services: |
Item 1. Financial Statements
FAQ
- What is Meritage Homes's homebuilding — cost of product and service sold?
- Meritage Homes (MTH) reported homebuilding — cost of product and service sold of $923.65M in Q1 2026.
- How has Meritage Homes's homebuilding — cost of product and service sold changed year-over-year?
- Meritage Homes's homebuilding — cost of product and service sold decreased by 12.8% year-over-year, from $1.06B to $923.65M.
- What is the long-term trend for Meritage Homes's homebuilding — cost of product and service sold?
- Over 4 years (2021 to 2025), Meritage Homes's homebuilding — cost of product and service sold has grown at a 6.1% compound annual growth rate (CAGR), from $3.7B to $4.69B.
- What does homebuilding — cost of product and service sold mean?
- This metric captures the direct costs associated with the construction and delivery of homes, including materials, labor, and direct overhead. It is a critical component in calculating the segment's gross margin and overall production efficiency. Monitoring this helps investors understand the impact of supply chain and labor cost fluctuations on the bottom line.
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